EURUSD

The EURUSD attempted to push lower yesterday bottomed at 1.1808 but whipsawed to the upside and closed higher at 1.1903 after bounced-off the lower line of the bullish channel as you can see on my H1 chart below. The bias is bullish in nearest term testing 1.1960 – 1.2000 region. Immediate support is seen around 1.1860. A clear break below that area could lead price to neutral zone in nearest term but only a clear break below 1.1800 could stop the current bullish phase testing 1.1690 or lower. Overall I remain neutral.

GBPUSD

The GBPUSD continued its bullish momentum yesterday topped at 1.3548. The bias remains bullish in nearest term testing 1.3615 resistance area. Immediate support is seen around 1.3480. A clear break below that area could lead price to neutral zone in nearest term testing 1.3430 area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily/weekly close above 1.3615 would expose 1.3800 region next week.

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USDJPY

The USDJPY continued its bullish momentum yesterday topped at 112.63 and hit 112.69 earlier today in Asian session. The bias remains bullish in nearest term testing 113.20 area which is a good place to sell. Immediate support is seen around 112.20. A clear break below that area could lead price to neutral zone in nearest term testing 111.65 region. Overall I remain neutral but as long as stay below 113.20 I still prefer a bearish scenario at this phase as a part of the bearish pin bar scenario as you can see on my daily chart below.

USDCHF

The USDCHF was indecisive yesterday. Price attempted to push higher, slipped above 0.9875 resistance area but whipsawed to the downside and closed lower at 0.9835. The bias is bearish in nearest term testing 0.9780 support area. On the upside, 0.9875 region remains a key resistance and good place to sell with a tight stop loss as a clear break above that area would expose 0.9940 region. Overall I remain neutral.

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